SBP Refinancing Schemes

Islamic Export Refinance Scheme (IERS)

SBP has introduced this scheme to facilitate the export oriented businesses to extend the financing facilities at a concessionary rate of profit / financing.

The subsidized / low profit rate is part of the Government’s policy to offer various incentives to boost the country’s exports. MCB Islamic provides this facility for Short term financing under:

  • Murabaha / Finished Goods Murabaha Financing under IERS Part I / II
  • Istisna Financing under IERS Part I / II
  • Commodity Salam under IERS Part I / II
  • Finished Goods Financing (under Musawamah mode) under IERS Part I / II
  • Musharakah Running Finance (MRF) under IERS Part I / II
Islamic Long Term Financing Facility (ILTFF)

SBP has introduced this Islamic Long term financing facility to facilitate exporters for purchase of imported or locally manufactured new plant and machinery for their export oriented projects.

MCB Islamic Bank Limited Offer this Scheme Under:

  • Diminishing Musharakah – Plant, Machinery & Equipment
Islamic Financing Facility for Renewable Energy (IFRE)

SBP has introduced this Islamic financing facility to promote renewable energy projects in the country and will provide concessionary financing for large renewable energy power projects as well as for small scale renewable energy solutions.

MCB Islamic Bank Limited Offer this Scheme Under Diminishing Musharakah – Plant, Machinery & Equipment.

Islamic Refinance Facility for Modernization of SMEs (IRFMS)

SBP has introduced this Islamic refinancing facility to offer financial assistance to specific SME sectors for purchase of new imported/local plant & machinery for BMR of existing units and also for setting up new SME units.

Financing for import / local purchase of new generators up to a maximum capacity of 500 kVA is also eligible under the scheme for the allowed sectors.

MCB Islamic Bank Limited Offer this Scheme Under Diminishing Musharakah – Plant, Machinery & Equipment / Immovable Property.

Islamic Financing Facility for Storage of Agricultural Produce (IFFSAP)

SBP has introduced this Islamic financing facility to provide financing to customers on long-term basis for establishment, expansion and balancing, modernization & replacement (BMR) of Steel/ Metal / Concrete Silos, Warehouses & Cold Storage facilities for storing agricultural produce and also for purchasing new generators for fulfilling in-house requirements of these projects as well.

MCB Islamic Bank Limited Offer this Scheme Under Diminishing Musharakah – Plant, Machinery & Equipment / Immovable Property.

Islamic Refinance Scheme for Working Capital Financing of Small Enterprises and Low-End Medium Enterprises (IWCF)

SBP has introduced this Islamic refinancing facility to offer financial assistance to specific SME sectors for purchase of new imported/local plant & machinery for BMR of existing units and also for setting up new SME units. Furthermore, financing for import / local purchase of new generators up to a maximum capacity of 500 kVA is also eligible under the scheme for the allowed sectors.

MCB Islamic Bank Limited Offer this Scheme Under:

  • Murabaha – Local / Import
  • Istisna
  • Finished Goods Murabaha
Islamic Refinance and Credit Guarantee Scheme for Women Entrepreneurs (IRCGS-WE)

SBP has introduced this Islamic refinancing facility to offer and provide financing facilities to women entrepreneurs to meet financing needs of their businesses in line with the Government of Pakistan’s policy to support and revive economic activities in the country and SBP’s measures for improving access to concessional financing for women entrepreneurs / women owned SMEs.

  • Diminishing Musharakah – Equipment / Motor Vehicle / Immovable Property
  • Murabaha – Local
  • Musawamah – Local
  • Istisna
  • Commodity Salam
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